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Mercantile Bank Corp
MBWM

102 hedge funds and large institutions have $291M invested in Mercantile Bank Corp in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 35 increasing their positions, 38 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $254M → $291M (+$36.8M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 38

1.12% less ownership

Funds ownership: 55.23% → 54.11% (-1.1%)

3% less funds holding

Funds holding: 105 → 102 (-3)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

Holders
102
Holders Change
-3
Holders Change %
-2.86%
% of All Funds
2.21%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
9
Increased
35
Reduced
38
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.55M
2
TCM
Tributary Capital Management
Nebraska
+$1.75M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.6M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$1.56M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$876K

Top Sellers

Rank Fund Capital Flow
1
ACA
Ackerman Capital Advisors
Texas
-$6.42M
2
BFC
Banc Funds Company
Illinois
-$5.09M
3
Morgan Stanley
Morgan Stanley
New York
-$975K
4
BlackRock
BlackRock
New York
-$925K
5
PAM
Panagora Asset Management
Massachusetts
-$796K
Name Holding Trade Value Shares
Change 		Change in
Stake
QCG
101
Quadrant Capital Group
Ohio
$2K – – –
PCP
102
Proficio Capital Partners
Massachusetts
$2K +$1.92K +58 New
MCM
103
Maltese Capital Management
New York
– -$707K -25,000 Closed
Assenagon Asset Management
104
Assenagon Asset Management
Luxembourg
– -$561K -19,844 Closed
Susquehanna International Group
105
Susquehanna International Group
Pennsylvania
– -$456K -16,122 Closed
B
106
Bailard
California
– -$280K -9,900 Closed
Prudential Financial
107
Prudential Financial
New Jersey
– -$253K -8,957 Closed
CC
108
Claybrook Capital
Massachusetts
– -$220K -7,774 Closed
WDL
109
Well Done LLC
Michigan
– -$220K -7,774 Closed
MC
110
Menta Capital
California
– -$210K -7,437 Closed
EGM
111
Engineers Gate Manager
New York
– -$205K -7,267 Closed
RQS
112
Ramsey Quantitative Systems
Kentucky
– -$122K -4,313 Closed
IA
113
IFP Advisors
Florida
– -$6K -224 Closed
Macquarie Group
114
Macquarie Group
Australia
– -$3K -92 Closed
1 2 3 4
5

MBWM Hedge Fund Activity: Q1 2019 in Review

102 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Mercantile Bank Corp (MBWM) for Q1 2019, worth a combined $291M — up 15% from $254M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of MBWM and 9 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 35 added.

The largest buyer was Royal Bank of Canada, adding an estimated $2.55M. The largest seller was Ackerman Capital Advisors, cutting an estimated $6.42M.

  • 102 institutional investors held Mercantile Bank Corp (MBWM) as of Q1 2019, down from 105 in Q4 2018.
  • Funds reported $291M of Mercantile Bank Corp stock for Q1 2019, up 15% quarter-over-quarter.
  • 9 funds opened new Mercantile Bank Corp positions in Q1 2019 and 12 closed out, a net change of -3 holders.
  • The largest Mercantile Bank Corp buyer in Q1 2019 was Royal Bank of Canada, an estimated $2.55M added.
  • The largest Mercantile Bank Corp seller in Q1 2019 was Ackerman Capital Advisors, an estimated $6.42M sold.

Based on aggregated 13F filings for Q1 2019.